Corporate Announcement

With reference to the earlier announcement dated October 12, 2012, regarding the Company had signed a definitive agreement through its step-down subsidiary in the United States to acquire 'rCloud', an innovative cloud platform business from Doyenz, Inc. Further the Company had informed that the closing of the transaction was subject to satisfaction of customary conditions. Consequent to satisfaction of customary conditions; Persistent Systems Ltd has now informed BSE that the transaction has been closed successfully.